Corn Prices Tread Water Ahead of Key Reports

Corn futures are trading steady to fractionally lower on Tuesday, according to TradingView. The national average Cash Corn price is down 1/2 cent at $4.78 1/2.

The Monday NASS Crop Progress report showed that 72% of the US corn crop was listed as mature as of September 27, with harvest at 18% complete and matching the average pace. Condition ratings were steady this week at 57% in good to excellent condition, as the Brugler500 index remained unchanged at 347.

Ahead of the Wednesday Grain Stocks report from NASS, traders surveyed by Bloomberg are looking for September 1 stocks of corn at 1.911 billion bushels, which would be well above last year's 1.551 bbu but a modest reduction from the WASDE estimate for 2025/26 US corn ending stocks.

Heavy rains across the central and western corn belt in the next couple days are shown by the 7-day QPF from NOAA, with the ECB looking wetter in the latter half of that period. This could impact crop yields and prices.